Netflix will release the dramatic series 'The Altruists' starting on November 19, 2026, in a project that explores one of the most spectacular financial businesses of recent times. Described by critics as a gripping true crime drama, the series focuses on the rise and collapse of the crypto empire FTX. The production primarily features the characters behind the scandal, emphasizing the interpersonal dynamics of those involved. [1]
The main cast includes actors Julia Garner and Anthony Boyle, known previously for their roles in 'Ozark' and 'Shardlake'. The series is inspired by reporting from New York Magazine regarding the collapse of the FTX exchange and the hedge fund Alameda Research, led by Sam Bankman-Fried and Caroline Ellison. The project's creator, Graham Moore, told the platform Tudum that he was initially fascinated by the historical figures, recognizing their complexity, and wanted to avoid a simple remembrance of news headlines. [1]
Moore's narrative approach aims to access the intimacy of the characters and moments hidden from the general public. According to the creator, the series will not repeat scenes already filmed or known to the public, but will focus exclusively on scenes that, by definition, could not have been filmed previously. This involves an attempt to present a deeply personal story and, in the opinion of the creative team, painful one, rather than an encyclopedic record of events. [1]
According to the recounted history, Caroline Ellison, a mathematics graduate from Stanford University, took over leadership of Alameda Research at the age of 28. Its founder, Sam Bankman-Fried, had become a symbol of the new generation of tech entrepreneurs and was the romantic partner of Ellison, having an alternative relationship with her. Meanwhile, FTX attracted billions in investments, but the funding was used to cover trading losses and risky bets by Alameda Research. [1]
The FTX collapse occurred in November 2022, revealing a monumental financial shortfall. Caroline Ellison pleaded guilty to charges of fraud and conspiracy, becoming a key witness against her former partner, admitting that Bankman-Fried had directed her to commit crimes. Sam Bankman-Fried was subsequently found guilty and sentenced to 25 years in prison. Caroline Ellison, cooperating with prosecutors, received a sentence of two years, while U.S. District Judge Lewis A. Kaplan called the case 'the largest financial fraud ever committed in this country'. [1]
After release from federal detention in January 2026, after approximately 14 months of imprisonment, Caroline Ellison began a new chapter. In September 2026, it became known that she had joined Manifund, a philanthropic funding platform. Manifund co-founder Austin Chen defended the hiring decision, invoking the principle of redemption and making creditors whole, while Ellison expressed gratitude for the opportunity to be judged based on her current activities, not her past. [1]
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